Sunrise Communications (NASDAQ:SNRE) Downgraded by Redburn Atlantic to “Hold”

Sunrise Communications (NASDAQ:SNRE) was downgraded by Redburn Atlantic from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other research analysts have also recently issued reports on SNRE. The Goldman Sachs Group raised shares of Sunrise Communications to a “strong sell” rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft started coverage on Sunrise Communications in a research note on Thursday, November 21st. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Sunrise Communications Stock Performance

Shares of SNRE stock opened at $47.81 on Thursday. The business’s 50-day simple moving average is $47.07. Sunrise Communications has a fifty-two week low of $42.51 and a fifty-two week high of $50.63.

Sunrise Communications Company Profile

Sunrise Communications AG engages in the provision of telecommunications solutions. The firm offers mobile, broadband, TV, and fixed-line telephony services to residential customers. It also provides mobile and broadband services, as well as a range of value-added portfolio services, including cloud services, cybersecurity, and automation to business customers.